Economy
Higher rates tighten Serbia’s capital allocation as lending concentrates in heavy-investment sectors
Serbia’s banking system remains stable, but higher interest rates—linked to European monetary tightening—are making financing more expensive and selective. Credit growth is still running at about…
Serbia leans on public capital spending to power growth while keeping debt and deficits contained
Serbia is expanding an investment-led fiscal approach, using public capital outlays to fund infrastructure, energy upgrades and industrial development without breaking its fiscal stability targets. The…
Serbia’s widening external deficit reflects an investment-led growth shift, not just macro imbalance
Serbia’s current account deficit is widening as a capital-intensive investment cycle boosts imports of equipment and intermediate goods faster than exports materialize. The outcome hinges on…
Serbia’s investment-led pivot reshapes risk, returns and growth concentration
Serbia’s latest MAT 374 signals a shift away from consumption-led expansion toward an investment-driven model, with real GDP growth moderating to about 2.1–2.7% in 2025. The…
Montenegro’s January 2026 trade figures underline dependence on imports and external capital
January 2026 data reinforces that Montenegro’s growth model is import-led, with exports unable to keep pace—exports cover only a fraction of imports. The gap is bridged…